by Scott Irwin (farmdoc daily) Two recent farmdoc daily articles (February 5, 2025; February 12, 2025) examined the impact of small refinery exemptions (SREs) under the U.S. Renewable Fuel Standard (RFS) on the demand for ethanol and biomass-based diesel (BBD). The aggregate blend rate
RINs markets
Back TO HOMEEPA Cellulosic Proposal Gets Pushback
by Toddd Neeley (DTN Progressive Farmer) EPA Proposal to Waive Cellulosic RFS Volumes Sees Pushback From Biofuels Groups -- Although a new proposal from the U.S. Environmental Protection Agency to reduce cellulosic biofuels levels in the Renewable Fuel Standard is on hold
January 23, 2025 Read Full Article
Agri-Pulse Open Mic: Michael McAdams, President, Advanced Biofuels Association
by Jeff Nalley (Agri-Pulse) This week’s Open Mic guest is Michael McAdams, President of the Advanced Biofuels Association. After an extensive career serving on Capitol Hill, McAdams founded the ABFA in 2006. The group represents all aspects of the advanced biofuels
November 18, 2024 Read Full Article
US Renewable Fuel Credits Rally to Multi-Month Highs Despite Trump Reelection
by Shariq Khan (Reuters) U.S. renewable fuel credits rose to multi-month highs on Friday on increased demand from refiners trying to comply with mandates and higher prices for soyoil, surprising traders who expected Donald Trump's reelection as U.S. president to weigh on the
November 12, 2024 Read Full Article
Updated Estimates of the Production Capacity of U.S. Renewable Diesel Plants Through 2026
by Maria Gerveni and Scott Irwin (farmdoc Daily) Renewable diesel production capacity in the U.S. exploded in recent years, increasing over three billion gallons (farmdoc daily, March 8, 2023; March 29, 2023). This had a substantial impact on fats and oils feedstock markets, as
November 07, 2024 Read Full Article
US Court Set to Weigh Biofuel Blend Mandates
by Cole Martin and Matthew Cope (Argus Media) A US court on Friday (November 1, 2024) will weigh some novel issues that could affect enforcement of the Renewable Fuel Standard (RFS), the federal program that sets minimum biofuel blending levels for
November 01, 2024 Read Full Article
SAF Production Set to Grow Amid Renewable Diesel Switching
by Jordan Godwin (OPIS/SAF Magazine) ... As renewable diesel producers in a suddenly crowded space trudge through lackluster margin conditions in 2024, they’re increasingly eyeing the possibility of switching to SAF. Considering the current size of the SAF market, taking on
August 28, 2024 Read Full Article
US Court Rejects EPA Denials of 2022 Small Refinery Biofuel Waivers
by Richard Valdmanis (Reuters) A federal appeals court said on Friday it rejected the Environmental Protection Agency’s decision in 2022 to deny small oil refineries temporary waivers from the nation’s biofuels blending program, and sent the matter back to the agency
July 29, 2024 Read Full Article
Clean Fuels Petitions EPA to Reconsider 2024 and 2025 RFS Volumes
(Clean Fuels Alliance America) Today, Clean Fuels filed a formal petition asking the Environmental Protection Agency to reconsider Renewable Fuel Standard volumes for 2024 and 2025. The agency set biomass-based diesel and overall advanced volumes significantly below actual production of the
June 25, 2024 Read Full Article
Grassley to EPA: Increase RVO Levels
by Brent Barnett (Brownfield Ag News) U.S. Senator Chuck Grassley has asked the U.S. EPA to increase renewable volume obligations (RVOs) for biomass-based diesel and advanced biofuels. “Higher RVO levels allow the biofuel industry to meet the really fast growing demand for homegrown
June 06, 2024 Read Full Article
Ag, Fuel Groups Urge No Change to RINs: Farm, Fuel Interest Groups Call on EPA to Reject Refiners' RFS Petition
by Todd Neeley (DTN Progressive Farmer) Agriculture and fuel interests asked EPA Administrator Michael Regan to reject a petition by CVR Energy to change the biofuels credit trading program in the Renewable Fuel Standard, in a letter to the EPA on
March 06, 2024 Read Full Article
US RINs Complex Collapses in 2023, Driven by Oversupplied Biomass-Based Diesel Market
by Phillip Herring, Melvin Lee, Sofia Cabrera, Guadalupe Nunez (S&P Global) D4 RINs drop 68.4% since Jan 2023, suppressing D6 RINs; 2.16 billion gallons above the 2023 D4 RVO mandate; Strong incentives to produce/import biomass-based diesel; BO-HO continues to fall US D4 Renewable Identification Numbers
February 02, 2024 Read Full Article
US Oil Refiners Ask EPA to Limit Participation in Renewable Fuel Credit Market
by Stephanie Kelly (Reuters) U.S. oil refiners have asked President Joe Biden's administration to reform the renewable fuel credit program by restricting who can participate, claiming the current trading environment allows market manipulation and raises fuel costs. Coffeyville Resources Refining and Marketing
January 24, 2024 Read Full Article
A Tale of Two RINs – Digging Deeper
by Adam Shubert (Stillwater Associates) In our recent article, “A Tale of Two RINs,” we reviewed current conditions driving the price of D3 renewable identification numbers (RINs) upwards while the price of D4 RINs is falling. This article drew considerable interest. With respect
January 19, 2024 Read Full Article
Introducing Renewable Diesel & Sustainable Aviation Fuel Pricing by OPIS
(OPIS) At OPIS, we’re no strangers to renewable diesel and sustainable aviation fuel. The two fuels have been among the hottest topics in energy markets in recent years, turning industries upside down and inside out since they arrived on the scene. Biofuels
December 07, 2023 Read Full Article
You Can’t Put a RIN in Your Gas Tank
by Doug Durante (Clean Fuels Development Coalition/Biofuels Digest) ... When an obligated party such as a refiner turns in their report card to EPA to show they met the requirements of the RFS, the “currency of compliance” is a RIN. Every
November 27, 2023 Read Full Article
Feature: US RINs Complex under Pressure while Renewable Diesel Helps RVO Mandates
by Phillip Herring and Melvin Lee (S&P Global) D4 RINs drop 53.4% in 2023; D4 biomass-based biodiesel production surpasses RVO mandate; BOHO near 2023 lows -- US D4 Renewable Identification Numbers have plummeted 53.4% in 2023 while helping to meet the renewable volume obligation
November 21, 2023 Read Full Article
Market Prices for Renewable Fuel Standard Credits Are Falling
by Jimmy Troderman (U.S. Energy Information Administration) The prices of ethanol (D6) and biomass-based diesel (D4) renewable identification number (RIN) credits—the compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—each fell by more than one third
October 24, 2023 Read Full Article
D4 RINs Collapse in 2023, Driving own prices in entire RINs complex
by Phillip Herring and Melvin Lee (S&P Global) D4 RINs drop 44.5% in 2023; Renewable biodiesel production ramps up; BOHO nearing 2023 lows -- D4 Renewable Identification Numbers have plummeted 44.5% so far in 2023 due to an uptick in renewable diesel production
September 29, 2023 Read Full Article
Biden to Tighten Policing of Biofuel Credits after Wild Swings
(Business Times) The Biden administration is planning to step up the US government’s policing of an opaque market in biofuel compliance credits, following long-running complaints of wild price swings and manipulation. The Environmental Protection Agency (EPA) is set to lay out plans
June 22, 2023 Read Full Article
Is the U.S. Renewable Fuel Standard in Danger of Going Over a RIN Cliff?
by Maria Gerveni and Scott Irwin (University of Illinois) and Todd Hubbs (U.S. Department of Agriculture) (farmdocdaily) ... What has received far less attention is what happens when the supply of biofuel exceeds the mandate. Given the scale of the renewable diesel
June 01, 2023 Read Full Article
Overview of the RIN Compliance System and Pricing of RINs for the U.S. Renewable Fuel Standard
Maria Gerveni and Scott Irwin (University of Illinois) and Todd Hubbs (U.S. Department of Agriculture) ... A RIN represents biofuel that has been produced and blended into transportation fuel. RINs are tradeable, and the market price of RINs plays
May 25, 2023 Read Full Article
Refinery-State Democrats Plan Bill to Rein in Biofuel Blending Compliance Costs
by Jeremy Beaman (Washington Examiner) Congressional lawmakers are drawing up legislation to cut down the near-record compliance costs associated with the Renewable Fuel Standard, which has pitted corn staters and some in the oil industry against each other for more than a decade. The bicameral
December 05, 2022 Read Full Article
RFA Hits Back at Ad Attacking RFS
by Cindy Zimmerman (Energy.AgWired.com) Renewable Fuels Association (RFA) Chief Economist Scott Richman hits back at a new ad campaign by an oil refiners coalition that blames high gas prices on the Renewable Fuel Standard (RFS) in a blog post explaining the inconvenient truth that refiners
May 16, 2022 Read Full Article
ICE Expands its U.S. Renewable Fuels Markets With the Launch of Renewable Volume Obligation Futures
(Intercontinental Exchange/Business Wire) Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the launch of two Renewable Volume Obligation futures contracts, expanding ICE’s U.S. renewable fuels futures markets. The U.S. Environmental Protection Agency’s (EPA) Renewable
March 29, 2022 Read Full Article
Will the California Low Carbon Fuel Standard Be a Victim of Its Own Success?
by Roxby Hartley (EcoEngineers) California’s Low Carbon Fuel Standard (CA-LCFS) continues to be the largest regional carbon credit market. It’s been successful in driving carbon reduction across the state. CA-LCFS credit prices hovered around $200 per metric ton (MT) of CO2e
March 22, 2022 Read Full Article
Regulatory and Policy Analysis of Production, Development and Use of Sustainable Aviation Fuels in the United States
Ekrem Korkut and Lara B. Fowler (Frontiers in Energy Research) The United States, spurred in part by international developments, is expanding its law and policy to incentivize the use of sustainable aviation fuels. While the U.S. has agreed to participate
January 03, 2022 Read Full Article
Viewpoint: RD, Fuel Demand Weigh on California LCFS
by Elliott Blackburn (Argus Media) New low-carbon fuel supplies will add pressure in 2022 on California Low Carbon Fuel Standard (LCFS) credits already trading near three-year lows. California this year recorded some of the nation's largest drops in transportation fuel demand compared
December 30, 2021 Read Full Article
U.S. Oil Refiners Bet the Farm Biden Will Back Them on Biofuels
by Jarrett Renshaw, Stephanie Kelly (Reuters) U.S. merchant oil refiners like Monroe Energy and PBF Energy Inc are playing chicken with the White House, taking moves in the biofuels credit market that could force them to close plants and fire
November 11, 2021 Read Full Article
Pennsylvania's RFS Demands
by Matthew Choi (Politico's Morning Energy) Pennsylvania lawmakers are calling on EPA to ease up on biofuel blending requirements to help Northeastern refiners who say they are financially struggling to keep up. The state’s House of Representatives passed a resolution Monday
November 09, 2021 Read Full Article
Crystal Ball 2022: RNG, EV, & Hydrogen --- December 9, 2021 --- ONLINE
EcoEngineers is bringing back its popular “Crystal Ball” webinar series to close out this interesting year of renewable energy news and developments. The first in the series will focus jointly on the RNG, electric vehicle, and hydrogen markets. Our experts
October 31, 2021 Read Full Article
US Refiners Delve Deeper into SAF Production on Policy Support Hopes
(Hellenic Shipping News) Some US refiners are considering adding sustainable aviation fuel to their renewable diesel production plans, spurred by higher demand from airlines seeking lower carbon footprints and the likelihood of increased policy support, some analysts said. “Jet and diesel are
September 21, 2021 Read Full Article
Notification: EPA Oversight of the Renewable Fuel Standards Renewable Identification Number Market
(U.S. Environmental Protection Agency) The OIG plans to begin fieldwork on an audit of the EPA’s oversight of the Renewable Fuel Standards Renewable Identification Number, known as RINs, market. READ MORE The Office of Inspector General for the U.S. Environmental Protection
September 21, 2021 Read Full Article
ME First: RIN Talk
by Matthew Choi (Politico's Morning Energy) Democratic members of Pennsylvania's congressional delegation are calling on the Biden administration to alter the Renewable Identification Number credits markets to protect union jobs at independent refineries, who typically purchase the credits to meet biofuel
September 20, 2021 Read Full Article
U.S. EPA Recommends Lowering 2020 Biofuel Mandates Retroactively -Sources
by Stephanie Kelly and Jarrett Renshaw (Reuters) The U.S. Environmental Protection Agency has recommended retroactively lowering biofuel blending mandates for 2020, two sources familiar with the matter said, after the agency on Thursday sent a proposal on the mandates to
August 27, 2021 Read Full Article
Strategic Biofuels Achieves Major Project Milestone Towards World’s First Carbon Negative Renewable Diesel Plant
(Strategic Biofuels/Business Wire) Successful sequestration test well significantly de-risks the project while demonstrating carbon dioxide can be safely stored underground--Strategic Biofuels LLC, the leader in developing negative carbon footprint renewable fuels plants, announced today that its Carbon Capture and Sequestration
August 12, 2021 Read Full Article
Delta Air Lines Has Accrued Required RINs for Monroe Energy but Slams RIN Market
by Meghan Sapp (Biofuels Digest) In Georgia, Platts reports that Delta Air Lines said in a quarterly earnings call that the company refuses to spend cash willy nilly on a RIN marketplace that it sees as non-transparent. He confirmed that the
July 16, 2021 Read Full Article
Ethanol Blog: American Petroleum Institute Pushes EPA to Cut Renewable Fuel Standard Volumes
by Todd Neeley (DTN Progressive Farmer) As the ethanol industry waits for volume proposals for 2021 and 2022 in the Renewable Fuel Standard expected in the coming weeks, petroleum interests have been pressing EPA to reduce volumes from their 2020 levels. A
July 09, 2021 Read Full Article
Wells Fargo Crashes and Burns with New RINs Analysis
by Geoff Cooper (Renewable Fuels Association) Earlier this week, equity analysts at Wells Fargo released a note to investors on the subject of the Renewable Fuel Standard and its compliance credit (RIN) market mechanism. We wouldn’t typically respond to an investment bank
June 18, 2021 Read Full Article
Agricultural Feedstock Costs Drive RIN Prices to All-Time Highs
by Sean Hill and Matthew French (U.S. Department of Energy Energy Information Administration) The prices of renewable identification number (RIN) credits—the compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—sharply increased through April of
June 02, 2021 Read Full Article
The Refiners Who Cried Wolf
by Geoff Cooper (Renewable Fuels Association/Ethanol Producer Magazine) The RFS creates competition that lowers fuel prices and reduces carbon emissions. Yet, refiners still complain. -- ... Indeed, at their request, the RFS includes provisions allowing refiners to comply without ever
May 12, 2021 Read Full Article
Exclusive: Tesla Seeks Entry into U.S. Renewable Fuel Credit Market - Sources
by Jarrett RenshawStephanie Kelly (Reuters) ... The electric car maker is one of at least eight companies with a pending application at the Environmental Protection Agency tied to power generation and renewable credits, the sources said. The EPA produces a list
May 12, 2021 Read Full Article
Ethanol and Biomass-Based Diesel RIN Prices Approaching All-Time Highs
by Sean Hill (U.S. Energy Information Administration) The prices of renewable identification number (RIN) credits—the compliance mechanisms used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—have been steadily rising in recent months and
February 24, 2021 Read Full Article
Ethanol Blog: Valero Sues Texas-Based Commodity Group for Failure to Deliver 106 Million RINs
by Todd Neeley (DTN Progressive Farmer) Valero has filed a lawsuit in Texas state court alleging a Cypress, Texas,-based commodity group failed to deliver renewable identification numbers, or RINs, as part of an agreement with Valero. In the lawsuit filed on Dec.
January 22, 2021 Read Full Article
Petroleum Opposes Biofuels RFS Remand: Petroleum Group Opposes Ag, Biofuels Lawsuit on 500 Million-Gallon Remand
by Todd Neeley (DTN Progressive Farmer) As biofuel producers attempt to force EPA to restore 500 million gallons that a court found were improperly waived from the Renewable Fuel Standard in 2016, a petroleum interest group is arguing those groups have
December 30, 2020 Read Full Article
New Biofuel-Trading Venue Sees Untapped Demand in Green Revival
by Kim Chipman (Bloomberg/Yahoo! Finance) The U.S. market for biofuel credits has long drawn calls for reform over lack of transparency. Trading-technology expert Julian Anstes says he has the answer. Anstes and the firm he runs, London-based OTC Direct Markets Ltd., have
November 24, 2020 Read Full Article
Limited Impact on LCFS and RIN Prices: The Digest’s 2020 Multi-Slide Guide to COVID-19 Impact on Renewable Fuels
by Jim Lane (Biofuels Digest) COVID-19 has impacted every industry in some way, but Mike McCurdy from ICF shared this slide guide at ABLC2020 demonstrating how COVID-19 has had limited impact on some areas for renewable fuels and how compliance fuels’
October 27, 2020 Read Full Article
New RIN Futures Launch Nodal, IncubEx to Launch 8 New Physically Delivered RIN Futures
(DTN Progressive Farmer) Nodal Exchange, a derivatives exchange, and IncubEx on Friday, Oct. 9, announced the upcoming launch of eight new Renewable Identification Number futures and options contracts. Pending regulatory review, Nodal will launch the first-ever physically delivered futures contracts on
October 09, 2020 Read Full Article
RINs Jump 18% on News Trump Wants All Gap Year Requests Denied
by Meghan Sapp (Biofuels Digest) In New York state, Reuters reports that RIN prices skyrocketed a two-year high of 55 cents for D6 credits on the back of its exclusive story that President Trump told the EPA to deny all gap-year
September 10, 2020 Read Full Article
Sen. Cruz to EPA: No Relief for Refinery Workers, No Consent for EPA Nominee
(Office of Senator Ted Cruz (R-TX)) U.S. Sen. Ted Cruz (R-Texas) today issued the following statement on the nomination of Doug Benevento to be Deputy Administrator of the U.S. Environmental Protection Agency (EPA): "The price of RINs has more than quadrupled since
July 02, 2020 Read Full Article
Post-Coronavirus: What’s Next in the Environmental Commodity Markets – 23 Key Takeaways
by Mike Newman (Parhelion Underwriting Inc./Biofuels Digest) ... The focus was on renewable fuels in the Renewable Fuel Standard (RINs) and California’s Low Carbon Fuel Standard (LCFS credits). Stakeholders came from all corners of the market, from the refining industry,
June 16, 2020 Read Full Article
FEATURE: Surging RVO Cost Negligible for US Fuel Producers, Importers Amid Pandemic
by Joshua Brown, Margaret Rogers, Ellie Valencia, Maha Cristina Husseini (S&P Global/Platts) RVO cost highest since March 2018; USGC WTI MEH margin down $6.45/b on year; US fuel exports fall to two-year low -- Fallout from the coronavirus has so disrupted normal refined
June 01, 2020 Read Full Article
Merchant Refiners Face A Return Of 'RINsanity' In 2021
by Tristan R. Brown (Seeking Alpha) -Expectations of U.S. gasoline demand in 2021 are continuing to decline as the country has failed to suppress the spread of COVID-19. -Gasoline demand in 2021 is now expected to be as low as
May 18, 2020 Read Full Article
CRS Trips Over Itself in Assessing Whether COVID-19 Will Affect RFS Compliance
by Scott Richman(Renewable Fuels Association) The report “The 2020 Renewable Fuel Standard (RFS): COVID-19 Impacts” released last week by the Congressional Research Service demonstrates a conflicted understanding of the mechanics of the RFS, leading to vague and erroneous conclusions about whether compliance will
May 05, 2020 Read Full Article
Advanced Biofuels and Chemicals: The Digest’s 2020 Multi-Slide Guide to Where are the Gallons?
by Jim Lane (Biofuels Digest) Missed the recent DigestConnect discussion where The Digest shared the latest on the U.S. goal of 36 billion biofuels gallons by 2022 and where we are now? Check out this slide guide that takes a
April 29, 2020 Read Full Article
Hero BX Eyes Expanding Biodiesel Footprint When Pandemic Subsides
by Ron Kotrba (Biodiesel Magazine) ... “We are surviving day by day,” Peterson (Chris Peterson, president of Hero BX) said. “All our people are still employed.” According to Peterson, Hero BX owner Pat Black strives to provide stability for his staff
April 15, 2020 Read Full Article
The Crisis Dashboard – Health, Economy, Climate, Energy
by Jim Lane (Biofuels Digest) Using the latest data available, The Digest published this “Crisis Dashboard” visual guide showing what’s going on with ethanol retail prices, liquid energy commodity prices, biodiesel operating margins, ethanol operating margins, retail fuel prices, RIN
April 01, 2020 Read Full Article
The Coronavirus and Ethanol Demand Destruction
by Scott Irwin and Todd Hubbs (FarmDocDaily) ... One implication of the virus-related restrictions is that people are driving much less than before, which means that gasoline and ethanol use are declining. The impact on the price of ethanol has
March 27, 2020 Read Full Article
Where Are We? March 2020 Digest Data Dashboard, The Bioeconomy, By the Numbers
by Jim Lane (Biofuels Digest) The past few weeks have been a roller coaster ride and here are the numbers to visualize what is going on. In today's Digest, a graphic look at Dow Jones Industrials, biodiesel operating margins, ethanol operating margins,
March 19, 2020 Read Full Article
Ethanol Blog: Inhofe Amendment Would Cap Biofuels Credits Price at 10 Cents
by Todd Neeley (DTN Progressive Farmer) Sen. James Inhofe, R-Oklahoma, has offered an amendment to an energy bill to cap the price of Renewable Identification Numbers, or RINs, at 10 cents, as time is running out on the EPA to make
March 06, 2020 Read Full Article
UPDATE 2-U.S. EPA Mulls Ways to Stabilize Biofuel Costs for Refiners, with Waiver Program at Risk
by Stephanie Kelly (Reuters) The U.S. Environmental Protection Agency said on Wednesday it is mulling new measures to help oil refiners cope with the cost of complying with the nation’s biofuel policy, as the agency faces a sweeping legal challenge
March 05, 2020 Read Full Article
Here We Go Again: Senate Letter Plagued by Myths and Mistruths about RINs
by Scott Richman (Renewable Fuels Association) Yesterday (February 27, 2020), a group of senators wrote a letter to President Trump regarding the January 24 decision by the U.S. Court of Appeals for the Tenth Circuit that found the EPA improperly exceeded its
March 02, 2020 Read Full Article
Advanced Biofuels – Where Are the Gallons?
by Jim Lane (Biofuels Digest) From what is an advanced biofuel to why, we take a look at the gallons, the ethanol blend wall, the residue capacity, and over 30 advanced biofuels projects from around the world to watch. In today’s Digest,
December 27, 2019 Read Full Article
Stop the Anti-Ethanol Ridiculousness--An Open Letter Reply to an Unmistakable Editorial Failure
by Marc J. Rauch (The Auto Channel) This past Saturday, a media outlet called THE ATLANTIC published an anti-ethanol editorial titled "STOP THE ETHANOL MADNESS." ... The following is my rebuttal to him and THE ATLANTIC: Dear Editors - The anti-ethanol editorial written by
November 25, 2019 Read Full Article
EPA Small Refinery Exemptions in the Renewable Fuel Standard Explained
(U.S. Department of Energy Energy Information Administration) ... The Renewable Fuel Standard (RFS) mandates the amount of renewable fuels refineres must blend into the U.S. transportation fuel supply. As part of the RFS program, the U.S. Environmental Protection Agency (EPA) can grant
November 15, 2019 Read Full Article
Correcting the Record on the Impact of Small Refinery Exemptions
by Geoff Cooper (Renewable Fuels Association) Earlier this week, I had the honor of testifying before a House Energy & Commerce Committee subcommittee on the devastating impact of small refinery exemptions (SREs) on the U.S. ethanol industry. My testimony described the demand destruction that
November 04, 2019 Read Full Article
House Energy Hearing Pits Ethanol vs. EPA, Administration
by Matt Kaye (FarmWeekNow.com) Renewable Fuels Association chief Geoff Cooper called the proposed supplemental rule issued by EPA a "bait and switch." -- ... During a hearing before a U.S. House Energy subcommittee, Renewable Fuels Association (RFA) chief Geoff Cooper
October 31, 2019 Read Full Article
GZ Energy to Launch Digital Credit-Trading Platform in Q4
(GZ Energy LLC/Biodiesel Magazine) Physical commodities brokerage GZ Energy LLC plans to launch its groundbreaking digital trading platform, GZX, in October. GZX will provide renewable fuel market participants with a means to discreetly trade separated (K2) renewable identification numbers (RINs), California Low
September 23, 2019 Read Full Article
Market Outlook for Low Carbon Fuels
by Nora Goldstein (BioCycle Magazine) Overall, demand for RNG is strong in spite of an oversupply of D3 RINs in 2018. -- In 2018, cellulosic biofuel producers, including those making renewable natural gas (RNG), outperformed the annual Renewable Volume Obligation
September 19, 2019 Read Full Article
Cooperative Relies on RFS Waivers: CountryMark Sits on Both Sides of Small-Refinery Waiver Controversy
by Todd Neeley (DTN Progressive Farmer) The farmer-owned CountryMark cooperative and fuel refinery is caught in the middle of the small-refinery exemption controversy. The company operates in Indiana, Illinois, Michigan, Ohio and Kentucky -- most of its customers at more than 100
September 13, 2019 Read Full Article
Innovate AND Implement: The Digest’s 2019 Multi-Slide Guide to ICM’s Ethanol and Biorefining
by Jim Lane (Biofuels Digest) Innovation is great but without implementation, the story ends there. Not so for ICM, a Kanasas-based company that took its small business roots in a farming community and an idea and turned it into 1/3 of
August 14, 2019 Read Full Article
EPA Strikes Icy Blow to Ag & Biofuels: 31 Waivers Hit Heart of American Farmers and Biofuels
by Helena Tavares Kennedy (Biofuels Digest) EPA might have a new name in some circles – Exemptions for Petroleum Agency – thanks to the 31 small refinery waivers issued on Friday which has the biofuels and agriculture industries reeling after promises
August 12, 2019 Read Full Article
Managing LCFS Credits and Risk in Uncertain Times
by Michael Newman (Parhelion Underwriting Inc./Biofuels Digest) Trading in the climate finance market – the systems designed to reduce greenhouse gas emissions – sometimes create areas of uncertainty. The risk of invalidation of credits worry market participants – but insurance risk
August 08, 2019 Read Full Article
Could the RFS Move Toward a Low Carbon Program Like LCFS?
by Jeff Barber (OPIS) The idea of revising the Renewable Fuel Standard (RFS) to operate more like the Low Carbon Fuel Standard (LCFS) appears to be getting a fresh look. The rise in prices for California’s LCFS credits may be a motivating factor. More about
June 18, 2019 Read Full Article
EPA Finalizes E15 Rule Agency Leaves Potential Biofuel Credit Reforms on Table for Later Time
by Todd Neeley (DTN Progressive Farmer) EPA beat the clock in finalizing year-round E15 on Friday, one day ahead of the beginning of the summer driving season. The agency announced a final rule that also takes a much softer approach on
June 02, 2019 Read Full Article
EPA Allows Year-Round Sales of E15
by Eric Pfeiffer (Hoosier Ag Today) The EPA announced Friday morning that they have met the deadline for the summer driving season to allow year-round sales of E15, a fuel blended with 15 percent ethanol. “Corn farmers have been long-time advocates of higher blends
May 31, 2019 Read Full Article
Exclusive: EPA to Unveil Less Ambitious U.S. Biofuel Credit Reform - Sources
Humeyra Pamuk and Jarrett Renshaw (Reuters) The U.S. Environmental Protection Agency plans to unveil a narrowed-down version of its proposed biofuel credit market reform this month after regulators concluded many of the agency’s initial ideas required more time to study,
May 24, 2019 Read Full Article
Flores and Welch Reintroduce Bill to Limit Ethanol Quotas under RFS
by Nick Snow (Oil & Gas Journal) US Reps. Bill Flores (R-Tex.) and Peter Welch (D-Vt.) reintroduced legislation on May 7 which would limit ethanol quotas under the Renewable Fuel Standard to 9.7% of the total gasoline volumes projected to be
May 10, 2019 Read Full Article
NACS, Fuel Marketers, Comment on EPA’s RIN Market Proposal
(National Association of Convenience Stores) ...(P)roposed RIN Market Reform regulations are unnecessary solutions in search of problems, and that EPA should finalize only those aspects of the proposal that enhance disclosure requirements and set aside for future reconsideration those aspects
May 01, 2019 Read Full Article
Oil and Renewable Industries Locked in Tug of War over Trump's Ethanol Plan
by John Siciliano and Josh Siegel (Washington Examiner) The deadline for comments on the Environmental Protection Agency’s proposed plan to allow year-round sales of 15% ethanol fuel closes at midnight, but neither side in the fight — that is, the oil and
April 30, 2019 Read Full Article
Ethanol Advocates Worry RIN Reform Proposals Will Derail E15 Expansion
by Jordan Godwin (Oil Price Information Service) With about two months to go before the start of the summer driving season, ethanol advocates are growing increasingly worried that EPA's decision to combine in the same proposed rulemaking changes to how Renewable Identification
April 02, 2019 Read Full Article
Biofuels Advocates Testify at EPA Hearing
(Ag News Wire) The Environmental Protection Agency held a hearing Friday on proposed regulatory changes related to retail sales of 15% ethanol blended fuel (E15) and the renewable identification number (RIN) compliance system Renewable Fuel Standard (RFS) program. Biofuels advocates, organization representatives and
March 29, 2019 Read Full Article
Backstabbing the Ethanol Industry
by David Kruse (The Daily Reporter) I was told by a director of the Iowa Corn Growers that at a meeting they discussed my recent reports where I had noted that the National Corn Growers Association is dropping the ball in
March 29, 2019 Read Full Article
Public Hearing for Modifications To Fuel Regulations To Provide Flexibility for E15; Modifications to RFS RIN Market Regulations March 29, 2019
(Environmental Protection Agency/Federal Register) The EPA is announcing a public hearing to be held in Ypsilanti, MI on March 29, 2019 for the proposed rule ‘‘Modifications to Fuel Regulations to Provide Flexibility for E15; Modifications to RFS RIN Market Regulations.’’ This proposed rule will be published separately
March 19, 2019 Read Full Article
EPA's Proposed Rule Changes Around Higher Ethanol Blends Draw Mixed Reactions
by Danielle Romano (Convenience Store News) The U.S. Environmental Protection Agency (EPA) is proposing regulatory changes around higher ethanol blends, and they're drawing mixed reactions. ... "NACS is concerned that the proposed rulemaking would generate more problems than solutions," said Paige Anderson, NACS'
March 14, 2019 Read Full Article
Notice of Proposed Rulemaking for Modifications to Fuel Regulations to Provide Flexibility for E15 and to Elements of the Renewable Identification Number Compliance System --- COMMENTS DUE April 29, 2019
(U.S. Environmental Protection Agency) On March 12, 2019, EPA proposed regulatory changes to allow gasoline blended with up to 15 percent ethanol (E15) to take advantage of the 1-psi Reid Vapor Pressure (RVP) waiver that currently applies to E10 during
March 12, 2019 Read Full Article
Biogas To RNG Projects: What, Why And How
by Brad Pleima (BioCycle Magazine/EcoEngineers) With prices for renewable electricity low in many states, biogas producers are turning to the renewable natural gas marketplace. This road map is a valuable navigation tool. -- There is a national trend to reposition biogas-producing assets
March 11, 2019 Read Full Article
New EIA Data Confirms Ethanol Demand Destruction in 2018
(Renewable Fuels Association) Total Ethanol Consumption and Average Blend Rate Both Saw Year-Over-Year Declines -- Data released today by the Energy Information Administration (EIA) reveals the extensive damage to 2018 ethanol demand that resulted from former EPA Administrator Scott Pruitt’s egregious abuse
March 09, 2019 Read Full Article
Court Brief: EPA Strayed on RFS Waivers -- EPA Changed Course on Small-Refinery Waivers Without Public Input
by Todd Neeley (DTN The Progressive Farmer) The EPA broke away from Renewable Fuel Standard requirements for granting small-refinery waivers starting in May 2017 and continued to deny a congressional order regarding which refiners qualify, according to a 97-page brief filed
March 09, 2019 Read Full Article
Exclusive: U.S. EPA Aims to Curb Biofuel Credit Speculation by Blocking Outsiders
by Humeyra Pamuk (Reuters) The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency’s proposals told Reuters
March 08, 2019 Read Full Article
How Ethanol Threatens Energy Security
by Pat Meehan (Washington Times) The blending of fuels puts needed small refineries in peril of extinction -- Big oil manufacturers who can blend ethanol and oil in excess of their needs can sell that excess capacity as a credit to the smaller
March 01, 2019 Read Full Article
Icahn-Backed Refiner Saves $189 Million on EPA's Biofuel Tweaks
by Mario Parker and Jennifer A. Dlouhy (Bloomberg) CVR Energy Inc., backed by billionaire investor Carl Icahn, saved $189 million under the U.S. biofuels mandate last year. That’s largely thanks to a campaign he helped ignite to lower costs for compliance. CVR Energy,
February 26, 2019 Read Full Article
Trump Agency Proposes Overhaul of Biofuel Credit Trading
by Jennifer A Dlouhy and Mario Parker (Bloomberg) EPA will propose several options, including position limits; Effort aims to quash speculation and boost transparency -- The Trump administration is planning to propose an overhaul of the opaque market for trading biofuel compliance credits
February 21, 2019 Read Full Article
EPA Could Immediately Increase Volume of Low-Carbon Biofuels by Over 50 Percent
by Jesse Stolark (Energy and Environmental Study Institute) The EPA is leaving 200 million gallons of cellulosic biofuels on the table, according to the newly formed Biomass Power Coalition, a group of biomass trade organizations, biomass power producers, and supporters (EESI is
February 17, 2019 Read Full Article
Interview: RFA Hoping EPA Will Be More Restrained on SREs
by Jeff Barber (Opis Biofuels News) The U.S. ethanol industry, which spent most of 2018 dealing with the fallout from EPA's decision to allow a record number of small refineries to escape their Renewable Fuel Standard (RFS) compliance obligations, believes the
January 29, 2019 Read Full Article
A Rightful Role in the RFS: The Electric Vehicle Market Is Predicted to Soar, and, Pending Overdue Action by the U.S. EPA, Biomass Power Producers Are Positioned to Help Meet Goals Set Forth in the Renewable Fuel Standard.
by Anna Simet (Biomass Magazine) ... The vast complexities of the RFS extend far beyond these components, but a much lesser-known provision is beginning to attract attention—the role of renewable electricity in the program, and it’s abilities to fuel electric
January 08, 2019 Read Full Article
Biodiesel’s Cutting Edge
by Ron Kotrba (Biodiesel Magazine) Biodiesel Magazine profiles nine companies whose process technologies, products and services are on the frontline of change in this industry. Third Coast Commodities Biodiesel feedstock trading is evolving, and Third Coast Commodities is one of the firms ushering
January 04, 2019 Read Full Article
Demand Destruction from Small Refinery Exemptions is Clear and Continuing
(Renewable Fuels Association) There has been a media blitz lately by the oil industry saying that ethanol demand has been unaffected by the Environmental Protection Agency’s (EPA) rampant grants of Renewable Fuel Standard (RFS) exemptions to small refineries. Recently, even some
December 06, 2018 Read Full Article
A Fuel Value over $7.00 per Gallon, and Everyone’s Chasing It: The Birth of USA Bioenergy and the Surge in Renewable Diesel
by Jim Lane (Biofuels Digest) In California, we are now seeing project flow projecting a sustainable $7.63 price for renewable diesel in the California market, where the Low Carbon Fuel Standard stacks on top of the RIN values from the federal
November 21, 2018 Read Full Article
More RFS Exemption Requests Monroe Energy, Pennsylvania Gov. Wolf Want Full RFS Waiver
by Todd Neeley (DTN The Progressive Farmer) Pennsylvania's governor and state refining interests are putting pressure on EPA to grant waivers to the Renewable Fuel Standard program, just ahead of the agency's Nov. 30 deadline to finalize new biofuels volumes for
November 16, 2018 Read Full Article
Weaker RINs Lure Gasoline Shipping into US East Coast Ports: Sources
(Hellenic Shipping News) A decline in the US obligation for biofuels has prompted an increase in imports from Canada and Europe into the Atlantic Coast, according to market sources and federal government data. The renewable fuels obligation for a gallon of imported
November 14, 2018 Read Full Article
Another Year of Uncertainty for Biofuels
by Michael McAdams (Biomass Magazine/Advanced Biofuels Association) As we approach the end of 2018, we reflect on a year that was full of surprises for the biofuels industry. What stands out the most was former U.S. EPA Administrator Scott Pruitt’s application of
November 06, 2018 Read Full Article
The Complex Dynamics of Coprocessing
by Ron Kotrba (Biodiesel Magazine) While oil refiners adding a small percentage of renewable feedstock to their operations sounds simple, the political, economic, technical, societal and market consequences are anything but. In 2007, at the height of the biodiesel boom, ConocoPhillips and
November 06, 2018 Read Full Article
OMB Releases Estimated Timelines for EPA’s E15 Rule, 2 RFS Rules
by Erin Voegele (Biomass Magazine) The Trump Administration has released estimated timelines for the development of three U.S. EPA rulemakings that pertain to the Renewable Fuel Standard and year-round E15 sales, including one that includes a “reset” of statutory blending targets. The
October 25, 2018 Read Full Article
President Opens up E15 Sales: Trump Directs EPA to Allow Year-Round E15 and a More Transparent RINs Market
by Chris Clayton and Todd Neeley (DTN The Progressive Farmer) Leading into President Donald Trump's trip to Council Bluffs, Iowa, on Tuesday, a senior White House official said Tuesday that the president has directed the Environmental Protection Agency to create a
October 09, 2018 Read Full Article
RFA Reacts to Talk Administration Considering Limits on Trading Biofuel Credits
(WNAX) Sources says the Trump administration is considering limits on trading biofuel credits. The goal is to discourage speculation and reduce costs for oil refiners to comply with U.S. biofuels policy. Renewable Fuels Association Executive Vice President Geoff Cooper says at
October 03, 2018 Read Full Article
Update1-White House Mulls Limits on Biofuel Trading as Part of E15 Deal-Sources
by Jarrett Renshaw (Reuters) The White House is considering imposing restrictions on trading of biofuel credits, hoping to discourage speculation and reduce costs for oil refiners to comply with U.S. biofuels policy, according to three sources familiar with the discussions. ... The move
September 29, 2018 Read Full Article
AFBF Welcomes Boosts to Biofuels Volumes, but Cautions against Overuse of Small Refinery Waivers
(American Farm Bureau Federation) Though pleased with EPA’s proposal to increase renewable fuel volumes, the American Farm Bureau Federation warned that the agency’s excessive use of small refinery waivers diminishes the likelihood that volume targets will be met. “EPA’s excessive use [of
August 24, 2018 Read Full Article
Bioenergy (Biofuels/Biomass) RFS Roundup: To Grow Cellulosic Fuel Volumes, Address Low Hanging Fruit in RFS Changes
by Jessie Stolark (Energy and Environmental Study Institute) On Wednesday July 25, the House Energy & Commerce Committee held a hearing to educate members on the complexities of the compliance markets for biofuels, as Environment and Economy Subcommittee Rep. Shimkus (R-IL),
August 01, 2018 Read Full Article
House Subcommittee Holds Hearing on RINs
by Erin Voegele (Ethanol Producer Magazine) On July 25, the U.S. House Committee on Energy and Commerce’s Subcommittee on Environment held a hearing that aimed to educate members of the subcommittee on renewable identification numbers (RINs) and the role RINs play
August 01, 2018 Read Full Article
Exclusive: U.S. EPA Grants Refiners Biofuel Credits to Remedy Obama-Era Waiver Denials
by Jarrett Renshaw and Chris Prentice (Reuters) The U.S. Environmental Protection Agency has awarded tens of millions of dollars worth of biofuel blending credits for this year to refiners HollyFrontier and Sinclair Oil after they argued the agency had wrongly denied
May 31, 2018 Read Full Article
Down to the Details: Kernel Fiber Now
by Lisa Gibson (Ethanol Producer Magazine) ... EcoEngineers’ Director of Engineering Jim Ramm details Kernel Fiber Now, a service that helps producers navigate their options with corn kernel fiber-to-ethanol technologies, RINs and more. With intense interest in corn kernel fiber-to-ethanol technologies,
May 25, 2018 Read Full Article
Waiver Wire: Why Is the Biofuels Industry up in Arms about Oil Refinery Waivers?
by Jim Lane (Biofuels Digest) ... But they’re part of the Washington dialogue this month, waivers and easy outs, since reports surfaced in media that the US Environmental Protection Agency granted a Renewable Fuel Standard hardship waiver for CVR Energy’s Wynnewood, Oklahoma
May 22, 2018 Read Full Article
Trump Said to Mull Ways to Boost Biofuel Market Transparency
Mario Parker and Jennifer A. Dlouhy (Bloomberg) The Environmental Protection Agency plans to ask for advice on whether -- and how -- to boost the transparency of an opaque $9 billion market in biofuel compliance credits amid allegations of manipulation, said
May 16, 2018 Read Full Article
Demand Destruction Part 2? Allowing Exports to Count Toward RFS Compliance
by Geoff Cooper (Renewable Fuels Association) ... Simply put, allowing exported ethanol to count toward compliance with an oil company’s RFS obligation would lead to further demand destruction for U.S. ethanol producers and corn growers who are already suffering the consequences
May 14, 2018 Read Full Article
US EPA Climate Changing on RFS?
by Michael McAdams (Advanced Biofuels Association/Biomass Magazine) At ABFA, we’ve been keeping our eyes on the U.S. EPA during the first quarter of 2018. The EPA’s actions over the next several months will have ripple effects through the industry, in the
May 09, 2018 Read Full Article
Trump to Put Biofuel Reform Push on Ice, for Now: Sources
by Jarrett Renshaw (Reuters) The Trump administration will delay any moves to reform the nation’s biofuel policy for about three months, according to three sources briefed on the matter - a decision one of the sources said was meant to shield
April 11, 2018 Read Full Article
RFS Wrangling Continues: GOP Senators Ask for Small-Refiner Waiver Suspension
by Todd Neeley (DTN The Progressive Farmer) Details have yet to emerge from a planned meeting at the White House on Monday between President Donald Trump and members of his cabinet regarding possible changes to the Renewable Fuel Standard. The meeting reportedly
April 10, 2018 Read Full Article
How EPA Is Destroying Demand for Ethanol and Corn
by Cindy Zimmerman (Energy.AgWired.com) Recent actions by EPA have effectively reduced the Renewable Fuel Standard conventional renewable volume obligation (RVO) for 2016 by more than 1 billion gallons, and the agency appears poised to take similar actions to effectively reduce the
April 02, 2018 Read Full Article
BIO Comments on Proposed Settlement Agreement Between EPA and Philadelphia Energy Solutions on RFS Obligations
(Biotechnology Innovation Organization) BIO is greatly concerned by the Department of Justice's and Environmental Protection Agency's proposed Settlement Agreement to resolve a dispute about the PES Holdings' obligations under the Renewable Fuel Standard. ... This Settlement Agreement undermines the goals of the
April 02, 2018 Read Full Article
Oklahoma Cellulosic Diesel Facility Achieves D7 Q-RIN Status
by Ron Kotrba (Biomass Magazine) D7 renewable identification numbers (RINs) generated at a biorefinery in Oklahoma City producing cellulosic diesel fuel have been verified by Weaver and granted Q-RIN status. Weaver is an independent third-party auditor and U.S. EPA-approved RIN Quality
March 16, 2018 Read Full Article
Pruitt Looks to Stamp out RIN "Hoarding," Raises Possibility of Limits on Wall Street
by James Osborne (Houston Chronicle) EPA chief Scott Pruitt raised the idea Monday of limiting Wall Street's ability to trade the government-issued credits for ethanol and other biofuels in an effort to aid oil refineries. ... In a meeting with reporters at the Environmental
March 13, 2018 Read Full Article
White House Postpones Talks on US Biofuel Mandate: Refinery Source
by Meghan Gordon bankr(Platts) The White House has postponed a fourth round of talks between refinery and biofuel interests about reforming the US biofuel mandate, according to a refinery source close to the negotiations. The meeting set for Thursday may have been
March 13, 2018 Read Full Article
RIN Price Cap a Demand Cap: Oil Industry Study Makes Ethanol Industry's Case on Motive, Impact
by Chris Clayton (DTN The Progressive Farmer) A study commissioned by the country's largest oil refiner explains how a waiver credit would freeze ethanol demand. Ethanol industry groups are pointing to several statements in the oil industry's own report to make the
March 12, 2018 Read Full Article
Ethanol Plant Operators Say No to RIN Price Cap -- Comments from Renewable Fuels Association Member Companies
(Renewable Fuels Association) Another White House meeting has been scheduled for Monday, March 12, to continue discussions between oil refinery and biofuels interests over the price of Renewable Identification Numbers, or RINs, which were created under the Renewable Fuel Standard (RFS)
March 09, 2018 Read Full Article
Exclusive: Trump Calls Meeting on Biofuels Policy after Refiner Bankruptcy
by Jarrett Renshaw (Reuters) U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation
February 26, 2018 Read Full Article
EPA RIN Market Data Poor: CFTC Can't Draw Conclusion on RIN Market Based on EPA Data Provided
by Chris Clayton (DTN The Progressive Farmer) The chairman of the Commodity Futures Trading Commission told senators Thursday the Environmental Protection Agency hasn't been able to provide the CFTC with enough quality data on the biofuels trading market for CFTC regulators
February 16, 2018 Read Full Article
Grassley: RFS Has Minimal Impact on Success of Refineries
by Erin Voegele (Ethanol Producer Magazine) Sen. Chuck Grassley, R-Iowa, has released a memo produced by his energy policy staff that finds that Renewable Fuel Standard blending requirements and the cost of renewable identification numbers (RINs) have little to do with
February 06, 2018 Read Full Article
Bankrupt Refiner Made Missteps
by Bob Dinneen (Renewable Fuels Association/Washington Times) The oil industry’s campaign to undermine the growth of domestically produced renewable fuels such as ethanol has certainly been ramped up lately. Today they’re callously capitalizing on the financial woes of one of the
February 05, 2018 Read Full Article
What’s the Real Story behind Philadelphia Energy Solutions’ Bankruptcy, Crude Oil, and the Renewable Fuel Standard?
by Joelle Simonpietri (Biofuels Digest) On Jan 21st 2018, Carlyle-backed Philadelphia Energy Solutions(PES), the largest refinery complex on the U.S. east coast at 335,000 barrels per day, filed for Chapter 11 bankruptcy, blaming Renewable Fuel Standard (RFS) compliance costs. In the week since the filing, the Washington Examiner reports
February 02, 2018 Read Full Article
Refiner Bankruptcy Adds to Pressure to Overhaul Biofuel Program
by Jennifer A Dlouhy and Mario Parker (Bloomberg) Biofuel mandate overhaul mulled by Congress after bankruptcy; Unions and Pennsylvania politicians seek immediate action -- The bankruptcy of Philadelphia Energy Solutions LLC, the biggest refiner on the U.S. East Coast, has invigorated efforts to overhaul a 13-year-old federal
February 01, 2018 Read Full Article
ACE Presents on Ethanol Markets at MN Ag Expo
(American Coalition for Ethanol/Ethanol Producer Magazine) Ron Lamberty, senior vice president of the American Coalition for Ethanol, updated attendees at the MN Ag EXPO in Mankato, Minnesota, on the changing landscape that allows retailers to offer ethanol-blended fuels at lower prices, highlighting
January 30, 2018 Read Full Article
Exclusive: U.S. Small Refiners Make Surge of Biofuel Waiver Requests - Sources
by Jarrett Renshaw (Reuters) More than two dozen small U.S. refineries are seeking waivers from the nation’s biofuels law, an unusually high number that reflects growing oil industry resistance to the program, according to sources familiar with the matter. Prices of the
January 25, 2018 Read Full Article
Unexpected Incentive
by Lisa Gibson (Ethanol Producer Magazine) RIN values do affect fuel prices, but Ron Lamberty, senior vice president of the American Coalition for Ethanol, says it’s not the effect many assume. -- ... A higher RIN, they say, increases the price of
January 24, 2018 Read Full Article
RFS Standstill -- Dinneen: Oil, Ethanol Meetings Not Scheduled Yet, Likely Not Constructive
by Todd Neeley (DTN The Progressive Farmer) President Donald Trump's administration and some members of Congress want oil and ethanol interests to just get along and work out their differences on the Renewable Fuel Standard. But the leader of the nation's
January 14, 2018 Read Full Article
RFS Roundup: Economists Largely Agree RINs Not Wreaking Havoc on Refining Industry
by Jessie Stolark (Environmental and Energy Study Institute) ... The argument is roughly – increased biofuels mandates lead RINs to spike in cost, translating to billions in compliance costs, particularly for small refiners. While somewhat logical, as higher RINs costs have
January 14, 2018 Read Full Article
What Exactly Is a RIN?
(Southern Farm Network Today) Texas Senator Ted Cruz recently proposed to put a cap on the price of Renewable Identification Numbers (RINs) as a way to control the cost for refiners that blend renewable fuels into the nation’s gasoline supply. What
January 04, 2018 Read Full Article
Cruz Taps Texas Mistrust of Ethanol
by James Osborne (Houston Chronicle) Attack on federal biofuels mandate provides chance to appeal to base -- ... But for the junior senator, facing re-election this year as Democrats show new swagger in the age of Trump, ethanol provides the chance to appeal
January 03, 2018 Read Full Article
How Refiners Can Lower the High Price of Renewable Fuel Credits: Invest
by James C. Greenwood (Biotechnology Innovation Organization/The Hill) ... The refiners want to lower the price of renewable identification numbers, or RINs, which are the credits they must accumulate to prove compliance with the program — every gallon of biofuel that
December 29, 2017 Read Full Article
Cruz Proposal Could Harm Corn Ethanol, Analysis Finds
by Todd Neeley (DTN/KTIC) Capping the price of biofuel credits at 10 cents would essentially eliminate the Renewable Fuel Standard mandate for biodiesel and possibly hurt corn-based ethanol, according to an analysis by farmdoc at the University of Illinois Urbana-Champaign. In meetings
December 26, 2017 Read Full Article
The Biofuels Industry Reacts to White House RFS Meetings
by Erin Voegele (Ethanol Producer Magazine) President Trump has hosted two meetings in recent weeks with Sen. Ted Cruz, R-Texas, and others focused on the Renewable Fuel Standard and renewable identification numbers (RINs). Those representing the biofuels industry are speaking out
December 22, 2017 Read Full Article
Pruitt Discusses Administration of RFS Program during Hearing
by Erin Voegele (Ethanol Producer Magazine) On Dec. 7, U.S. EPA Administrator Scott Pruitt appeared before the House Subcommittee on Energy and Commerce to provide testimony the mission of the EPA. The Renewable Fuel Standard was among the topics discussed during
December 08, 2017 Read Full Article
U.S. Subpoenas Icahn Over Biofuel Action While Trump Adviser
by Miles Weiss, Jennifer A Dlouhy, and Mario Parker (Bloomberg) U.S. Attorney for Southern District of N.Y. seeks information; Icahn Enterprises discloses request in securities filing -- Federal investigators have issued subpoenas for information on Carl Icahn’s efforts to change biofuel policy while
November 09, 2017 Read Full Article
Sabah Chooses New Palm Oil Certification to Cater to Europe’s Needs
by Jason Santos (Malaysian Insight) SABAH’s move for a full compliance of the Certified Sustainable Palm Oil (CSPO) by 2025 is to ensure the survival of the sector, state forestry director Sam Mannan said. The move will also make Sabah the first in
November 07, 2017 Read Full Article
Biodiesel and the Ever-Changing Political Landscape
by Ron Kotrba (Biodiesel Magazine) Industry stakeholders and legal experts discuss the recent RFS court ruling, the ongoing U.S. trade cases against Argentina and Indonesia, and the biodiesel tax credit in context of U.S. EPA’s Notice of Data Availability. -- ... According
October 30, 2017 Read Full Article
Icahn's Oil Refiner CVR Starts Unwinding Biofuels Bet
by Jarrett Renshaw and Chris Prentice (Reuters) Carl Icahn’s refining company CVR Energy (CVI.N) has begun buying biofuel credits for the first time in months, a sign the firm is starting to unwind a massive short position in the niche
September 20, 2017 Read Full Article
What Is the Future of Bio-diesel in India?
by Bharat Jhunjhunwala (The Free Press Journal) Recently, Union Minister for Road Transport and Highways Nitin Gadkari inaugurated India’s first refinery plant in Pune that will produce fuel oil from rice and wheat straw, cotton stalk, cane trash and corn cobs. The
September 18, 2017 Read Full Article
EPA Will Reject Change that Trump Backer Icahn Sought
by Eric Wolff (Politico) The Trump administration plans to reject a proposal that would let oil refiners off the hook for complying with the federal ethanol mandate, a senior administration official told POLITICO, dashing the hopes of billionaire Carl Icahn
August 03, 2017 Read Full Article
RFA Chief Says He's Still Concerned RINs Market Is Being Manipulated
by Jeff Barber (Oil Price Information Service) The head of the Renewable Fuels Association (RFA) says the ethanol industry group remains concerned that "market manipulation" is a "significant factor" driving the price of Renewable Identification Numbers (RINs) and cited an
August 03, 2017 Read Full Article
Top 10 Storylines: Heard on the Floor at the 2017 BIO World Congress
by Jim Lane (Biofuels Digest) Industrial biotech’s biggest and grandest show, the World Congress on Industrial Biotechnology, opened today in Montreal and BIO itself was in the newsframe with a striking report debunking myths around RIN price surges. 10 Hot Newstories
July 25, 2017 Read Full Article
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